Tripoli, 2 March 2014:
Russian oil company Tatneft is planing to restart its Libya operations this year, after a three-year suspension.
Tatneft said . . .[restrict]that it expected to return to operational activity in he course of 2014, in a report published today, alongside its audited financial results for the year 2014.
The initial process of resuming activities in Libya started in February 2013, two years after Tatneft suspended operations when the revolution broke out, the company said. This included returning some personnel to a branch in Tripoli and negotiating with subcontractors.
The chairman of the National Oil Corporation (NOC), Nuri Berruin, on 24 March met Tatneft’s Director-General, Nail Ulfatovich Maganov, to discuss the Russian company’s plans; this according to Bloomberg.
Tatneft has been operating in Libya since 2005, in the Ghadames and Sirte regions. [/restrict]